Multiple Choice
Sure Enuf,Inc.paid $4,800 on May 1,2012 for 12 months' insurance coverage starting May 1.How much prepaid insurance should appear on the company's balance sheet at December 31,2012?
A) $4,800
B) $1,600
C) $1,000
D) $3,200
Correct Answer:
Verified
Correct Answer:
Verified
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